Describe the optimal order size, Operation Management

Assignment Help:

A retail outlet has its own production facility for producing denim cloth. The ordering cost ($150) is the cost of setting up the production process to make the denim cloth. The carrying cost is $0.75 per yard and the demand is 10,000 yards per year. The production facility operates the same days as the retail store is open (i.e. 311 days) and produces 150 yards of the denim cloth per day. Determine:

a) The optimal order size

b) The total inventory cost

c) The length of time to receive an order

d) The number of orders per year

e) The maximum inventory level


Related Discussions:- Describe the optimal order size

Describe the general environmental challenges, 1. Describe and discuss an o...

1. Describe and discuss an organization's task environment. Discuss how the elements within the task environment would impact an organization such as Microsoft Corporation. 2. Disc

Case study on back unopened book for a refund, I recently rented a book and...

I recently rented a book and it turns out that I no longer need to be in the class that requires that book. The book just got here today and I have not opened the package at all. I

Explain steps in project completion have been finalized, Explain to a new p...

Explain to a new project manager how you ensure that all steps in project completion have been finalized

Organizational values that are the company actually operates, Q 1: Without...

Q 1: Without knowing Gary Erickson's age, where would you guess he falls in the four generations of workers as delineated by Zemke? Q 2: Consider the terminal and instrumental

Explain can we really choose between the lesser of two evils, Can we really...

Can we really choose between the lesser of two evils, or is being evil worse that doing evil? Be careful to review the being and doing. Please explain your position

Discuss characteristics of a successful entrepreneur, Analyze the character...

Analyze the characteristics of a successful entrepreneur and determine if you have what it takes to start your own business. Provide specific examples to support your response.

Define fast food restaurant averages customers per hour, 1. A hospital emer...

1. A hospital emergency room averages 50 patients per shift. A shift is 8 hours long, and the average patient requires 20 minutes in the exam room. a. How many exam rooms should

Define fddi network must be practicing what type of bridging, A bridge that...

A bridge that is used to connect an Ethernet network with a FDDI network must be practicing what type of bridging. a. a cut-through mode bridging b. source-route bridging

Demerits of absolute standards and relative standards, Contrast the advanta...

Contrast the advantages and disadvantages of absolute standards and relative standards.

Explain cost-minimizing production schedule, A motorcycle manufacturer is d...

A motorcycle manufacturer is determining its production schedule for the next 6 months. The cost of manufacturing a motorcycle during each month is Month 1 Month 2 Month 3 Month 4

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd